Market Overview for xMoney/USDC (UTKUSDC) on 2025-10-29

• xMoney/USDC traded lower at 0.01918 by 12:00 ET after a volatile 24-hour range.
• Price broke key support below 0.0192 and tested 0.0191, with bearish engulfing patterns emerging.
• Volume surged near 1,000–5,000 during key downward moves but dropped during consolidation.
• RSI and MACD show weakening momentum, suggesting further downside risk if 0.0190 level breaks.

At 12:00 ET on October 29, 2025, xMoney/USDC (UTKUSDC) closed at 0.01918, down from an open of 0.01941 the previous day. The pair hit a high of 0.01941 and a low of 0.01868 during the 24-hour window. Total volume amounted to approximately 130,000 units, while notional turnover reached $2,500 (based on average prices). The price action has shown a bearish trend, with support forming around 0.0191 and resistance near 0.0193–0.0194.

Looking at the 15-minute chart, key support levels were tested during the overnight session, with a breakdown below 0.0192 triggering further bearish sentiment. Notable candlestick patterns include a bearish engulfing candle from 0.01941 to 0.01921 at 14:15 ET and a doji at 0.01921 on October 29, indicating indecision. The 20-period moving average sits below the 50-period MA, with both trending downward, reinforcing the bearish bias. The price is currently sitting below both indicators, with no signs of a reversal.

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The RSI-14 has remained below 40 for most of the session, indicating oversold conditions at times, though this has not triggered a reversal, suggesting further downside could be expected. The MACD line crossed below the signal line with a bearish divergence, with both lines trending downward. Bollinger Bands show a moderate expansion, with the price staying near the lower band for much of the day, reinforcing bearish momentum. Fibonacci retracement levels at 0.0191 and 0.0190 have become critical for short-term support, with the 61.8% retracement at 0.0191 acting as a pivot.

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A continuation of the bearish trend appears likely if the price fails to reclaim key resistance at 0.0192–0.0193 within the next 24 hours. A break below 0.0190 could open the door to 0.0185, with further volatility expected if volume increases on the break. Investors should monitor volume closely to confirm any potential reversal signals.

Backtest Hypothesis

Given the unavailability of RSI-14 data for the UTKUSDC pair, a backtesting strategy using RSI could still be feasible by using an alternative pair, such as UTK/USDT, which is more widely available on major exchanges and has higher liquidity. By applying RSI-14 with a buy signal at oversold (RSI < 30) and a sell signal at overbought (RSI > 70), combined with the 20/50 moving average crossover, a viable trading system could be tested. This approach aligns with the bearish momentum observed in the 15-minute chart and would allow for a more accurate reflection of the pair’s behavior under similar conditions.

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